v3.26.1
Other Assets (Tables)
6 Months Ended
Jun. 30, 2026
Other Assets.  
Schedule of estimated future amortization expense for MSRs

Amortization of mortgage servicing rights (“MSRs”) were $0.2 million for both three months ended June 30, 2026 and 2025, and $0.4 million for both six months ended June 30, 2026 and 2025. The estimated future amortization expenses for MSRs over the next five years are as follows:

Estimated

(dollars in thousands)

  ​

Amortization

Under one year

$

595

One to two years

529

Two to three years

472

Three to four years

419

Four to five years

373

Schedule of details of the Company's MSRs

June 30, 

December 31, 

(dollars in thousands)

 

2026

  ​

2025

Gross carrying amount

$

70,202

$

70,096

Less: accumulated amortization

65,900

65,458

Net carrying value

$

4,302

$

4,638

Schedule of changes in amortized MSRs

Three Months Ended June 30, 

Six Months Ended June 30, 

(dollars in thousands)

  ​

2026

  ​

2025

  ​

2026

  ​

2025

Balance at beginning of period

$

4,470

$

4,926

$

4,638

$

5,078

Originations

60

53

106

104

Amortization

(228)

(151)

(442)

(354)

Balance at end of period

$

4,302

$

4,828

$

4,302

$

4,828

Fair value of amortized MSRs at beginning of period

$

12,016

$

13,357

$

12,364

$

13,404

Fair value of amortized MSRs at end of period

$

12,216

$

13,042

$

12,216

$

13,042

Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs

June 30, 2026

December 31, 2025

Weighted

Weighted

  ​

Range

Average

Range

Average

Conditional prepayment rate

6.28

%

-

6.76

%

6.63

%

6.31

%

-

7.00

%

6.83

%

Life in years (of the MSR)

6.06

-

7.06

6.96

6.18

-

7.09

6.93

Weighted-average coupon rate

3.78

%

-

4.10

%

3.84

%

3.77

%

-

4.10

%

3.84

%

Discount rate

10.39

%

-

10.48

%

10.43

%

10.37

%

-

10.45

%

10.40

%